Greater New Orleans Development
To foster regional economic development and create quality jobs within the metropolitan new orleans area.
Key facts about Greater New Orleans Development
In short: Greater New Orleans Development gave $2.8M across 16 grants in 2024 (avg $175K), mostly in Louisiana. Source: 2024 IRS Form 990 filing.
- EIN
- 72-1177207
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $2,800,981
- Grants made (2024)
- 16
- Average grant
- $175,061
- Median grant
- $131,769
- Total assets
- $3,970,691
- Primary geography
- Louisiana (72% of itemized 2024 grant dollars)
Data from IRS Form 990 filing, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$4.0M
+11.2% YoY
Annual Giving
$2.8M
+60.1% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$175K
+60.1% YoY
How Greater New Orleans Development gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Greater New Orleans Development
Based on IRS filings
Greater New Orleans Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in New Orleans, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 16 grants totaling $2.8M. Net investment income was $55K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| OPPORTUNITY HUB Atlanta, GA | EDA BBB PHASE 2 GRANT SUBAWARD TO DEVELOP/CONTRIBUTE TO EDAH2THEFUTURE SOUTH LOUISIANA COALITION NEXUS PROGRAM- DELIVERY OF H2NEXUS INCLUSIVE ENTREPRENEURSHIP PROGRAM | $771,257 |
| BATON ROUGE AREA CHAMBER Baton Rouge, LA | EDA BBB PHASE 2 GRANT SUBAWARD FOR BUSINESS RECRUITMENT AND BRE SERVICES IN BATON ROUGE REGION; PARTICIPATION IN THE NEXUS INDUSTRY COUNCIL, AND SUPPORT ACCROSS THE H2THEFUTURE PROJECTS | $400,877 |
| UNIVERSITY OF LOUISIANA AT LAFAYETTE Lafayette, LA | EDA BBB PHASE 2 GRANT SUBAWARDULL GH2CENTER R&D, STUDENT INSTRUCTION, CORPORATE ENGAGEMENT, AND COMMUNITY ENGAGEMENT; PARTICIPATION IN THE NEXUS UNIVERSITY COUNCIL | $209,388 |
| GREEN LIGHT NEW ORLEANS New Orleans, LA | EDA BBB PHASE 2 GRANT SUBAWARD TO DEVELOP/SUBMIT EDAEXECUTION OF ENERGY EFFICIENT CENTER PROGRAM FOR RESIDENTIAL AND SMALL COMMERCIAL EFFICIENCY | $185,138 |
| UNIVERSITY OF NEW ORLEANS New Orleans, LA | EDA BBB PHASE 2 GRANT SUBAWARD TO DEVELOP/SUBMITUNO MARITIME CENTER R&D, STUDENT INSTRUCTION, CORPORATE ENGAGEMENT, AND COMMUNITY ENGAGEMENT; PARTICIPATION IN THE NEXUS UNIVERSITY COUNCIL | $184,054 |
| ONE ACADIANA INC Lafayette, LA | EDA BBB PHASE 2 GRANT SUBAWARD TO DEVELOP/SUBMIT EDABUSINESS RECRUITMENT AND BRE SERVICES IN ACADIANA/LAFAYETTE REGION. PARTICIPATION IN THE NEXUS INDUSTRY COUNCIL | $183,188 |
| LOUISIANA CHAMBER OF COMMERCE FOUNDATION INC New Orleans, LA | EDA BBB PHASE 1 GRANT SUBAWARD TODEVELOP/CONTRIBUTE TO EDA H2THEFUTURE PHASE 2 APPLICATION COMPONENTS | $172,380 |
| NICHOLLS STATE UNIVERSITY Thibodaux, LA | EDA BBB PHASE 2 GRANT SUBAWARDNSU ENGINERRING TECHNOLOGY R&D, STUDENT INSTRUCTION, CORPORATE ENGAGEMENT, AND COMMUNITY ENGAGEMENT; PARTICIPATION IN THE NEXUS UNIVERSITY COUNCIL | $133,724 |
| SOUTHERN UNIVERSITY AND A&M COLLEGE Baton Rouge, LA | EDA BBB PHASE 2 GRANT SUBAWARDDESIGN AND EXECUTION OF HBCU NEW ENERGY SPECIALIZATION PROGRAM; PARTICIPATION IN NEXUS TALENT COUNCIL | $129,814 |
| SOUTH LOUISIANA ECONOMIC COUNCIL INC Thibodaux, LA | EDA BBB PHASE 2 GRANT SUBAWARD TO DEVELOP/SUBMIT EDABUSINESS RECRUITMENT AND BRE SERVICES IN THE BAYOU/HOUMA/TERREBONNE/LAFOURCHE REGION. PARTICIPATION IN THE NEXUS INDUSTRY COUNCIL | $111,695 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,970,691 | $3,571,319 | $2,647,279 |
| Revenue | $7,212,232 | $5,465,248 | $2,831,617 |
| Expenses | $6,487,890 | $5,403,500 | $3,117,822 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $54,883 | $134,677 | $-160,348 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Greater New Orleans Development is led by Michael Hecht, President & CEO on every filing since 2020; 3 of 11 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Hecht
President & CEO
On filings since 2020
1 hr/week
No compensation reported
Lacy McManus
Executive Director of Futu
Executive Director of Future Energy → Executive Director of Futu, 2024
On filings since 2023
40 hrs/week
$182K (2023) → $124K (2024)
Richard F. Cortizas
Board Chair
On filings since 2023
1 hr/week
No compensation reported
Brandon Williams
Director of Finance
Director of Finance & Administration → Director of Finance, 2024
On filings since 2023
40 hrs/week
$103K (2023) → $105K (2024)
Joshua Tatum
Vice President of Business
Director of Strategic Initiatives → Vice President of Business Growth & Retention, 2023
Vice President of Business Growth & Retention → Vice President of Business, 2024
On filings since 2022
40 hrs/week
$121K (2023) → $138K (2024)
Dale Benoit
Member
On filings since 2020
1 hr/week
No compensation reported
Tara Carter Hernandez
Member
Chairwoman Elect → Member, 2021
On filings since 2020
1 hr/week
No compensation reported
Guy Williams
Member
Chairman → Member, 2023
On filings since 2021
1 hr/week
No compensation reported
Julie Stokes
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Marina Manzanares
Member
On filings since 2023
1 hr/week
No compensation reported
Wayne Conner
Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (12)
- Former: Harrison Crabtree (2023) — Director & World Trade Center of New Orleans
- Former: Susan Bonnett Bourgeois (2023) — Board Chair-Elect
- Former: Elaine Garvey (2020–2022) — Secretary & Treasurer
- Former: James Moffett (2020–2022) — Member
- Former: Maura Donahue (2020–2022) — Member
- Former: Patricia Leblanc (2020–2022) — Member
- Former: William Hoffman (2020–2022) — Member
- Former: Bryan Hodnett (2021–2022) — Member
- Former: Gay Le Breton (2021–2022) — Chairwoman Elect
- Former: Paul Matthews (2021–2022) — Member
- Former: Philip Gunn (2021–2022) — Member
- Former: Tommy Faucheux (2021–2022) — Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Frequently asked questions about Greater New Orleans Development
How much does Greater New Orleans Development give each year?
Greater New Orleans Development gave $2.8M across 16 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $1.7M across 16 grants.
What is Greater New Orleans Development's typical grant size?
Greater New Orleans Development's median grant in 2024 was $131,769, and its average grant was $175,061, across 16 grants on its 2024 IRS Form 990 filing.
Where does Greater New Orleans Development give grants?
Greater New Orleans Development gives mostly in Louisiana: 72% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The next largest state was Georgia (28%). The most frequent recipient cities were New Orleans, LA (5 grants), Baton Rouge, LA (5 grants), Lafayette, LA (2 grants) and Thibodaux, LA (2 grants).
Does Greater New Orleans Development give general operating support?
Not in 2024: none of the 16 grants with a stated purpose on Greater New Orleans Development's 2024 IRS Form 990 filing were described as general or operating support.
Who are Greater New Orleans Development's largest grantees?
Greater New Orleans Development's largest 2024 grantees include Opportunity Hub ($771,257), Baton Rouge Area Chamber ($400,877) and University of Louisiana at Lafayette ($209,388), according to its 2024 IRS Form 990 filing. Together they received 49% of its itemized 2024 grant dollars.
How large is Greater New Orleans Development?
Greater New Orleans Development reported $4.0M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $7.2M.
What is Greater New Orleans Development?
Greater New Orleans Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in New Orleans, LA. It holds $4.0M in total assets as of 2024.
What is Greater New Orleans Development's EIN?
Greater New Orleans Development's EIN (Employer Identification Number) is 72-1177207. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Greater New Orleans Development by hand.
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